🚨ETH Ascending Triangle Breakout: The Calm Before the Storm🚨

The ETH/USDT chart is painting a textbook ascending triangle, one of the most reliable continuation patterns in technical analysis. Here's what you're seeing:

The upper horizontal resistance sits firmly at $1,680, tested multiple times but never decisively broken. Meanwhile, the rising trendline connects higher lows at $1,385, $1,475, and most recently $1,565. As price compresses into the narrowing apex of this pattern at $1,678, we're approaching the moment of truth.

This structure suggests accumulation - each higher low indicates buyers are willing to pay more, while the consistent $1,680 ceiling represents a clear liquidation zone. The shrinking volatility (visible in the tightening price range) typically precedes explosive moves.

Strategic Execution Without Stop Losses:

1) Initial Entry: At current levels ($1,678), take a small position (20-30% of planned allocation). The proximity to resistance makes this higher risk.

2) Averaging Down Zones:

- $1,660 (immediate support from recent consolidation)

- $1,625 (where the rising trendline currently sits)

- $1,590 (last defense before pattern invalidation)

- then every 20% drop

3) Breakout Confirmation:A decisive 4-hour close above $1,685 with volume should trigger final position addition.

4) Profit Targets:

- First take 25% at $1,750 (measured move equal to pattern height)

- Next 25% at $1,820 (1.618 Fibonacci extension)

- Let remaining 50% run with trailing logic

Critical Considerations:

- The pattern remains valid as long as $1,565 holds

- Failed breakouts often test the rising trendline before next attempt

- Weekend liquidity could exaggerate moves in either direction

This strategy banks on the statistical edge of continuation patterns while respecting crypto's volatility through disciplined averaging. The absence of stop losses requires strict position sizing - no more than 2-3% of capital at any single entry point.